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Technology Stocks : Advanced Micro Devices - Moderated (AMD) -- Ignore unavailable to you. Want to Upgrade?

To: Petz who wrote (4040)	8/8/2000 8:35:21 PM
From: AK2004	Respond to of 275872

John bloomberg: Silicon Valley Stocks Fall, Led by Advanced Micro, KLA-Tencor 8/8/0 17:30 (New York) Regards -Albert ps you did not miss much - that is Paul's new nickname for mustang. Silicon Valley Stocks Fall, Led by Advanced Micro, LA-Tencor San Francisco, Aug. 8 (Bloomberg) -- Stocks of Silicon Valley companies fell, led by Advanced Micro Devices Inc., Electronic Arts Inc. and KLA-Tencor Corp., as technology stocks were kept in check before Cisco Systems Inc.'s profit report. The Bloomberg Silicon Valley Index fell 1.91, or 0.29 percent, to 651.94. The price-weighted index of 42 technology stocks with major operations in the area set an all-time high of 796.68 on March 24 and a 52-week low of 365.08 on Aug. 10. The index has gained 16 percent this year. Cisco, the No. 1 maker of computer-networking equipment, said after the close of regular trading that fiscal fourth-quarter net income rose and revenue surged 61 percent, topping the highest forecasts. Advanced Micro Devices, the semiconductor maker, fell 3 21/32 to 61 11/32. The Sunnyvale, California-based company yesterday was downgraded to ``neutral'' from ``buy'' by analyst Ashok Kumar at U.S. Bancorp Piper Jaffray. Electronic Arts, the No. 1 maker of video-game software, fell 2 5/8 to 86. Sony Corp. last week said it will delay the introduction of the PlayStation 2 system in Europe for a month until Nov. 24. The move may affect Redwood City, California-based Electronic Arts, which plans to introduce as many as 10 PlayStation 2 games by year's end. KLA-Tencor, the biggest maker of semiconductor inspection tools, fell 1 11/16 to 45 3/4. Twenty-five stocks in the index fell today, 16 rose and one was unchanged. Among today's gainers was International Business Machines Corp., the world's biggest computer maker, which rose 2 11/16 to 119. Milpitas, California-based Linear Technology Corp., the maker of specialty computer chips, rose 1 13/16 to 58 13/16. In the broader market, the Standard & Poor's 500 Index rose 3.49, or 0.24 percent, to 1482.81. The Dow Jones Industrial Average rose 109.88, or 1.01 percent, to 10,976.89. The Nasdaq Composite Index fell 14.44, or 0.37 percent, to 3848.55.